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Could Scilly’s Council Go Bankrupt?

Could Scilly’s Council Go Bankrupt?

At last week’s Full Council meeting, Scilly’s councillors found out that the authority’s General Reserve Fund, which it uses to cover unexpected expenditure such as significant overspends, was much lower than they had thought. Back in March, they were told this fund stood at £1.08m. But following investigations by the external auditors from accountancy firm […]

‘We Don’t Know Where We’re Going’ – Scilly’s Councillors Face Up To Looming Financial Crisis

‘We Don’t Know Where We’re Going’ – Scilly’s Councillors Face Up To Looming Financial Crisis

The Council of the Isles of Scilly is facing a financial crisis because it doesn’t know how much it is spending, what it has got in its savings account and its councillors are unable to make decisions on what to do next. Those were the views expressed at last week’s Full Council meeting, where the […]

Five Islands School Board Of Governors To Resign

Five Islands School Board Of Governors To Resign

The governors of the Five Islands School have said they will resign. The school was given an ‘inadequate’ rating by Ofsted last month and subsequently placed under special measures. In a letter sent to parents, Chair of Governors Ben Julian said the governing body was inviting the local authority to set up an interim executive […]

Concern As Financial Watchdog Uncovers Bigger-Than-Reported Year End Loss At Scilly’s Council

Concern As Financial Watchdog Uncovers Bigger-Than-Reported Year End Loss At Scilly’s Council

The budget crisis facing Scilly’s council is deepening after its financial watchdog uncovered that their overspend last year was over ten times more than first reported to councillors in September. It means the authority, which is already making significant cuts to its expenditure, has even less cash in reserves than it thought. The finding was […]